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Dec 5, 2012
12/12
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it's, simply put, the money you pay to social security and medicare. that tax cut is due to expire at the end of this month also. so we asked jim axelrod to tell us what that will mean. >> reporter: the payroll tax cut is giving this family an extra $70 month to spend. john mejia is a maintenance man in new jersey. are you paying attention to what's going on in washington right now? >> of course we are. >> reporter: the mejia's $50,000 a year income puts them almost in the middle of american households. if the payroll tax cut is not extended, those families would pay an average of $1,035 a year more in social security taxes. do you have room to cut back? >> no, sir, i don't. i guess we'll do some type of magic like we do every month here in our household, that's what i call it. >> reporter: if the tax cut expires, pay cut contributions will go from 4.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the d
it's, simply put, the money you pay to social security and medicare. that tax cut is due to expire at the end of this month also. so we asked jim axelrod to tell us what that will mean. >> reporter: the payroll tax cut is giving this family an extra $70 month to spend. john mejia is a maintenance man in new jersey. are you paying attention to what's going on in washington right now? >> of course we are. >> reporter: the mejia's $50,000 a year income puts them almost in the...
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Dec 1, 2012
12/12
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and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ >> pelley: couples all over america are waiting for six men and three women to tell them whether they have a constitutional right to marry. chip reid has the story. >> reporter: tom watson and jeff tabaco have been together ten years and would like to make ofir relationship official. ur it's always been our dream to marry the person that we love and to commit our lives to each other. >> reporter: but as residents of california, they can't because four years ago california voters passed proposition 8, banning same-sex marriage. but it's the u.s. supreme
and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪...
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Nov 30, 2012
11/12
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consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. >> pelley: that >> pelley: that powerball hckpot hit nearly $588 million 58 the time the numbers were drawn last night. there are two winning tickets, one was sold at a gas station in dearborn, missouri, north of kansas city. the other at a store outside phoenix. we don't know who won, but each ticket is worth about $135 million after taxes. now, we want to show you a picture that has gone viral. more than 400,000 facebook users have liked it, and, frankly, we liked it, too. this is new york city police officer larry deprimo with a homeless man he found bare foot one cold november night. deprimo, 25 years old, with two orars on the force, used his own money to buy the man a pair of all-weather boots and thermal socks. a tourist snapped the picture and our john miller talked to officer deprimo t
consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. >> pelley: that >> pelley: that powerball hckpot hit nearly $588 million 58 the time the numbers were drawn last night. there are two winning tickets, one was sold at a gas station in dearborn, missouri, north of kansas city. the other at a store outside...
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Dec 2, 2012
12/12
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consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. it happened this week. a new look for an old-time childhood standby. the tops company announced it's giving a makeover to its flagship product bazooka bubble gum. launched in 1947, since 195 every piece has featured a small folded up comic strip with an eye-patch wearing boy and his turtle-neck-challenged best friend. not the most sophisticated humor we'll admit but perfect for the bubble-gum set not just here but around the world. but now we learn no more. the updated bazooka, due in stores next month, will feature a slightly larger piece of gum, a brand new additional flavor, blue-raspberry, and new packaging with flashier colors blue-raspberry, and new packaging with flashier colors than the old red, white and blue. blue. gone, however, will be the comic strips. now, the bazooka people assur
consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. it happened this week. a new look for an old-time childhood standby. the tops company announced it's giving a makeover to its flagship product bazooka bubble gum. launched in 1947, since 195 every piece has featured a small folded up comic strip with an eye-patch...
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Dec 3, 2012
12/12
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cuts to medicare and $50 billion in stimulus spend approximating. he insists the bush tax cuts must expire for the healthyy individuals. >> it is carefully designed mix of savings and tax reforms to put us back on a path to stabilizing our debt and living within our means. >> the republicans did not welcome the proposal. >> i was disappointed by the proposal. i think it say rerun of the budget proposal. the revenue is 1.6 trillion in revenue and tax increases. >> and expressing frustration -- and they are expressing frustration. >> i would say we are nowhere, period, nowhere. >> reporter: they disagree pointing out the administration did offer $600 billion in cuts to health care and other programs. he he remains optimistic a deal will be made. back to you. >>> a kitchen remodel with an unusual goal. >> you have to support what you believe in. >> reporter: how one woman fought to buy only american made products and the price she paid. >>> and good news for the stormy weather for steers and boarders. ,, hey, look! a shooting star! make a wish! i wish
cuts to medicare and $50 billion in stimulus spend approximating. he insists the bush tax cuts must expire for the healthyy individuals. >> it is carefully designed mix of savings and tax reforms to put us back on a path to stabilizing our debt and living within our means. >> the republicans did not welcome the proposal. >> i was disappointed by the proposal. i think it say rerun of the budget proposal. the revenue is 1.6 trillion in revenue and tax increases. >> and...
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Nov 30, 2012
11/12
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. ,,,, ♪ [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, like walgreens. for example, a network copay of $4 becomes a preferred network copay of $1 when you fill your prescription at any of the 8,000 convenient walgreens locations. so call and enroll today. remember, the premium is just $15 a month. don't wait. open enrollment ends december 7th. aarp medicarerx saver plus. call now or visit your local walgreens for more information. >>> time to cook with tony tantillo with a recipe for lemon chicken. >>> today for tony's table i have special guests from italy. how are you? >> very well, tony. >> good to see you. how about you? >> my husband. thank you for having us. the more you cook, the m
. ,,,, ♪ [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, like walgreens. for example, a network copay of $4...
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Dec 3, 2012
12/12
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. $400 billion in cuts to entitlement programs such as medicare and $50 billion in stimulus spending. >> the president and white house have three weeks and this is the best we got? >> reporter: the senate minority leader mitch mcconnell laughed at geithner. geithner said if republicans don't like the president's plan it's up to them to present their own ideas. >> what we can't do is figure out what works for them. they have to come tell us what works for them. >> reporter: secretary geithner made it clear there will be no deal that does not include a tax hike on the wealthiest americans. >> there's not going to be an agreement without rates going up. >> reporter: no formal negotiating sessions are on the schedule here and many believe it will take about a week for the real work towards a solution to get under way. now, so much of the talk right now is about taxes, but another aspect of this fiscal cliff is massive, massive defense cuts. that's going to be a topic here in washington today, terrell, when several ceos of the defense industry talk about the impact on their industry. >> su
. $400 billion in cuts to entitlement programs such as medicare and $50 billion in stimulus spending. >> the president and white house have three weeks and this is the best we got? >> reporter: the senate minority leader mitch mcconnell laughed at geithner. geithner said if republicans don't like the president's plan it's up to them to present their own ideas. >> what we can't do is figure out what works for them. they have to come tell us what works for them. >>...
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Dec 4, 2012
12/12
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cuts in social security and medicare. republicans respond to the president's budget proposal. >> plus iran claims it captured a u.s. drone. how the u.s. navy is responding and the potential security implications. >> reporter: we're live in san francisco where all muni lines are back up and running. last night a power outage caused a meltdown and a couple of other problems. we'll tell you more coming up. ,,,,,,,,,,,,,, causes a blown transformer.. stranding passengers. how te transit agency is recovering this morning. >> your realtime captioner: linda marie macdonald. >>> muni mess. storm damage causes a blown transformer stranding passengers. how the transit agency is recovering this
cuts in social security and medicare. republicans respond to the president's budget proposal. >> plus iran claims it captured a u.s. drone. how the u.s. navy is responding and the potential security implications. >> reporter: we're live in san francisco where all muni lines are back up and running. last night a power outage caused a meltdown and a couple of other problems. we'll tell you more coming up. ,,,,,,,,,,,,,, causes a blown transformer.. stranding passengers. how te transit...
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Nov 29, 2012
11/12
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taxes will go up about $1.2 trillion, entitlement programs mainly medicare will be cut by no less than $400 billion. there will be at least $1.2 trillion in spending cuts and war cuts. >>> another point in the "fiscal cliff" discussion unemployment a new congressional budget office report showing americans have collected more than half a trillion dollars in federal jobless benefits in the last five years. >>> a battle over an oyster farm has ended. the u.s. interior secretary ken salazar is not renewing drake's bay's oyster company's lease which expires at the end of the month. he visited the farm along point reyes national seashore last week saying it should be returned to the wilderness for future generations to enjoy. company supporters including senator dianne feinstein argue to save the farm because it's a key part of the rural economy in that area. >>> still ahead, bankrupt but still able to give out bonuses? the latest controversy haunting hostess. >> with the biggest payout in powerball history about to take place allowing it be before californians can cash in too? >> a cold wa
taxes will go up about $1.2 trillion, entitlement programs mainly medicare will be cut by no less than $400 billion. there will be at least $1.2 trillion in spending cuts and war cuts. >>> another point in the "fiscal cliff" discussion unemployment a new congressional budget office report showing americans have collected more than half a trillion dollars in federal jobless benefits in the last five years. >>> a battle over an oyster farm has ended. the u.s. interior...
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Nov 29, 2012
11/12
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medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> extreme sports and the athletes who engaging them have become much more popular. the people who film their feats is worth watching. >> the company is called splendor film. if you're not standing on top of the world, this is the next best thing. >> reporter: the footage can be hard to watch. it's even harder to turn away. human beings doing things at extreme altitudes that have never been done before. climbing mountains without ropes. free falls in winged suits. just as impressive. the photographers who take risks right along with them. >> in some way their job is easy. if we can do it in position and do it safely. >> reporter: keith round splendor films out of this house in boulder, colorado. his real office is here. places others
medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> extreme sports and the athletes who engaging them have become much more popular. the people who film their feats is worth watching. >>...
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Dec 1, 2012
12/12
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like all standardized medicare supplement plans, it helps cover some of what medicare doesn't pay. to find out more, call today. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. ♪ >>> it's the good life right here. >> not so bad. >> chef thomas keller has won just about every award you can imagine for a chef and restauranteur including michelin three honors for his restaurant here in new york and the laundry in napa valley california. >> we're thrilled rebecca is especially thrilled in case you hadn't noticed one of the nation's preeminent chef is here this morning. chef keller has chosen a childhood favorite. grilled cheese and tomato s
like all standardized medicare supplement plans, it helps cover some of what medicare doesn't pay. to find out more, call today. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase...
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Dec 5, 2012
12/12
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eye 356
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let's keep medicare... and social security strong for generations to come. what makes me feel truly decadent? [announcer:] new revlon colorstay whipped crème makeup. its unique formula flexes with skin for a flawless finish. the feel of nothing but silk on my skin. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. she doesn't even though our really get us. and she'll never know who we are, or what... no way, madden girls?? nike! who's your mommy now? famous brands. famously easy. famous footwear. victory is yours. ♪ >>> the news of a royal pregnancy is like a gift from heaven for britain's tabloids. as ben tracy reports, there
let's keep medicare... and social security strong for generations to come. what makes me feel truly decadent? [announcer:] new revlon colorstay whipped crème makeup. its unique formula flexes with skin for a flawless finish. the feel of nothing but silk on my skin. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one,...
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Nov 30, 2012
11/12
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eye 185
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. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be an interesting day for us on wall street. >> i guess. they have a month to figure that out. in the meantime though there's a secret santa. i guess santa decide to do a little early work in the tri- state area, right? >> reporter: that's right. a so-called secret santa is giving away $100,000 in $100 bills to victims of superstorm sandy. a missouri man declined to reveal his name but he is carefully selecting his stops in new jersey and new york to avoid the mob scenes. he says it's not about the money but about random acts of kindness. if we can think of anything good coming out of this storm is
. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the debt ceiling. both sides remain at a standoff over the issue of raising taxes on higher income earners. but the president said he will not sign any bill that does not include higher taxes for top earners. the white house is calling this proposal an opening bid but house speaker john boehner says no real progress is being made to reach a deal. could be...
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Dec 3, 2012
12/12
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this offer doesn't remotely deal with entitlement reform and a way to save medicare and medicaid and social security from imminent bankruptcy. >> reporter: but the president clearly thinks that he's got the upper hand here. he ran on a proposal to raise taxes on the wealthiest americans, and he knows that polls show that most americans agree with that idea. >> bill, how do they get this done by december 15th? >> reporter: right. here's the thing. the president will continue to publicly campaign for a tax cut on people making less than $200,000 a year. but look, there are negotiations under way while all this is going on at the staff level. most of what we're hearing in public from both sides is just tough talk. the democrats i've talked to on he hill, and i've talked to a ofber of them, think there will be a solution. many republicans not as sure. >> bill plante, thank you. >>> police say they don't yet know why kansas city chiefs linebacker jovan belcher killed hi his girlfriend and then killed himself. we're at kansas city's arrowhead stadium where belcher's teammates played a game
this offer doesn't remotely deal with entitlement reform and a way to save medicare and medicaid and social security from imminent bankruptcy. >> reporter: but the president clearly thinks that he's got the upper hand here. he ran on a proposal to raise taxes on the wealthiest americans, and he knows that polls show that most americans agree with that idea. >> bill, how do they get this done by december 15th? >> reporter: right. here's the thing. the president will continue to...
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Nov 29, 2012
11/12
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in place that would include $1.2 trillion in tax increases and $400 billion in entitlement cuts on medicare. wall street watching that closely. let's look at the numbers. the dow is up by 45 points after gaining more than 100 yesterday. it's back over 13,000. nasdaq higher by 19. s&p right now is up by 6 points. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, starbucks is rolled out its most expensive coffee ever and it's a doozy. the new brew made from very rare costa rica beans called finca palmilera just rolls off the tongue, retails for $7 a cup! that's for a grande. for $6 you can get the tall. right now the big ticket brew is only available at a few dozen stores in the pacific northwest. starbucks plans to take it nationwide by the end of the year. it better be the only one you need all week. seven bucks! >>> lindsay lohan mobbed again by the paparazzi and for all the wrong reasons. the liz and dick star wore a black jacket over her head as new york police escorted her out of jail about an hour ago. she is charged with allegedly slapping another woma
in place that would include $1.2 trillion in tax increases and $400 billion in entitlement cuts on medicare. wall street watching that closely. let's look at the numbers. the dow is up by 45 points after gaining more than 100 yesterday. it's back over 13,000. nasdaq higher by 19. s&p right now is up by 6 points. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, starbucks is rolled out its most expensive coffee ever and it's a doozy. the new...
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Dec 3, 2012
12/12
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wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the republicans should present their own ideas. >> we can't try to figure out what works for them. they have to tell us. >> reporter: but secretary geithner made it clear, there will be no deal that does not include a tax hike on the wealthy. >> there's not going to be an agreement without rates going up. >> reporter: no formal negotiations are on the schedule here. and many believe it will take a week for the real work toward a solution to get under way. susan mcginnis, cbs news, washington. >>> how minority leader nancy pelosi says she will try to force a vote today on a senate- passed bill that democrats support but it is doubtful she will get republican support to get it to the house. >>> time now 5:10. a major carmaker recall, a potential
wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the republicans should present their own ideas. >> we can't try to figure out what works for them. they have to tell us....
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Nov 30, 2012
11/12
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. $400 billion in entitlement cuts in program like medicare and medicaid and $50 billion in new spending next year for inf infrastructu infrastructure. there's another idea. a permanent cease fire on raising the debt ceiling now $16 trillion that would allow it to rise automatically. republicans use the debt ceiling last year to extract spending cuts and they don't want to give up that leverage. >> there's a lot of things i've wanted in my life but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, there's going to be some price tag associated with it. >> reporter: the white house still seat tchlsiethes over las fight and doesn't want a replay. >> to ensure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible. >> reporter: the more both sides talk, the more complications they discover. the white house says nothing will move forward until republicans agree to raise taxes on the wealthy and cope them where they are for the middle class. in a couple of hours,
. $400 billion in entitlement cuts in program like medicare and medicaid and $50 billion in new spending next year for inf infrastructu infrastructure. there's another idea. a permanent cease fire on raising the debt ceiling now $16 trillion that would allow it to rise automatically. republicans use the debt ceiling last year to extract spending cuts and they don't want to give up that leverage. >> there's a lot of things i've wanted in my life but almost all of them had a price tag...